Saturday, February 10, 2018

Victorias Milling Company, Inc. (VMC)

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For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Victorias Milling Company, Inc. (VMC)
Sector
Industrial
Incorporation Date
May 07, 1919
Subsector
Food, Beverage & Tobacco
Number of employees
657 (Group Total)
Board of Directors
Chairman: Wilson T. Young Director: Eduardo V. Concepcion
Website / E-mail
http://www.victoriasmilling.com / jllamas@info.com
2. Stock Information
Total Assets
10,451,943,000
Market Capitalization
8,089,049,163.80
Total Liabilities
4,622,933,000
Outstanding Shares
2,742,050,564
Retained Earnings
3,076,361,000
Listed Shares
2,909,937,433
Listing Date
Nov 15, 1993
Issued Shares
3,042,061,094
Board Lot
1,000
Free Float Level (%)
17.25%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Premier Network International, Ltd.
LT Group, Inc.
Narra Capital Investment, Corp.
27.43%
30.90%
20.65%
4. Company Descriptions and Business Development
Notes
1. Michael G. Tan is the brother of Lucio K. Tan, Jr.
2. Mr. Alvin T. Yu and Mr. Martin T. Yu are brothers.
3. Related companies: LTG
Overview
It is engaged primarily in sugar manufacturing but diversified into other businesses.
Business
Revenue contribution in 2016
Sugar milling
Distillery
Power generation
Others
8,170,167,000
451,331,000
32,714,000
65,988,000
94%
5%
0.3%
0.7%

Sugar milling division operates a raw sugar mill with a daily capacity of 15,000 metric tons. It purchases around 70% of canes from the planters.
Distillery division operates an alcohol production with an actual daily capacity of 25,000 liters.
Power generation division generates power derived from renewable energy resources.
Food processing division is involved primarily in processing canned sardines and bangus in different variants such as tomato-based and chili-based, among others.
Real estate division develops and sells subdivision and memorial lots.
Leasing division lease certain parcels of land to planters.
Entertainment derives income from membership fees when billed and when corresponding services is rendered.


Subsidiaries / Associates / Affiliates / Joint Ventures
Victorias Foods Corporation (100%) produces and sells canned sardines, hot bangus, mackerel, luncheon meat, lechon paksiw, ham, bacon and other meat products.
Victorias Agricultural Land Corporation (100%)
Canetown Development Corporation (88%)
Victorias Green Energy Corp (100%)
Victorias Golf and Country Club, Inc. (81%)

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